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Two recent instances illustrate the interaction between domestic politics and issues that maintain the potential to affect markets and economies far from the borders that define national debates. Furthermore, policy will play an important role in the performance of economies around the world, and that will be the case for quite some time.

Allegiant airlines, a company that offers commercial flights out of Provo International Airport, announced Wednesday they'll start having flights to California, even though the airport is under the threat of losing its control tower.